Because of Covid, we are thinking a lot about the topic of death. Daily we see the death counts reported. The good news is about Covid-related deaths — we see 35 times fewer deaths per 1 million residents in Australia than there are in the US and Europe. Source: The New Daily So, those super…
Australia continues to push forward in its pursuit of gender equality, but when it comes to finances there are still significant gaps, a new report reveals. Finder’s new report, International Women’s Day 2022: Work, wealth and financial equality, reveals that several aspects of the gender finance gap are yet to be addressed, as well as…
Amid record house prices, rising demolition fees, and surging construction costs a new trend is emerging: free houses. Just last month, the owner of a 4-bedroom house in Kirrawee in Sydney’s Sutherland Shire advertised their property for free. But there’s a catch. It doesn’t come with the land it sits on. The 60-year old house,…
What will be happening to the inflation level throughout 2022? Will wages growth be sufficient this year? How will the Russian-Ukrainian confrontation affect the economy? What will be the dynamic of Australian home prices in the foreseeable future? These and other questions were raised and answered by Dr. Shane Oliver, Head of Investment Strategy and…
Housing loans for investors struck a record high in January, as new figures showed the growth in Australian house prices was at its slowest pace since October 2020. The Australian Bureau of Statistics said loans for housing rose 2.6 per cent in January to $33.7 billion. Of these, owner-occupied mortgages rose one per cent to…
Australia’s economy bounced back a welcome 3.4% in the December quarter of 2021, more than reversing the 1.9% lockdown-related decline in the September quarter. It was the sixth-biggest increase in the 60 years the figures have been compiled. Australian quarterly gross domestic product Chain volume measures, seasonally adjusted. ABS National Accounts The economy grew by…
Home loan activity continued to rise over January following the recovery surge in post-lockdown activity recorded over the final months of 2021. Clearly Covid restrictions and uncertainties have failed to dampen demand for housing with lending still tracking at record levels. The ABS reports that the value of home loans seasonally adjusted (excluding land and…
Wages growth has predictably increased over the December quarter as the national labour market recovered from the impact of severe mid-year covid restrictions. The ABS national Wage Index seasonally adjusted rose by 0.7% over the December quarter for an annual growth rate of 2.3%. This was marginally higher than the September quarter increase of 0.6%…
For years the bank of Mum and Dad (BOMD) has been touted in the media as one of Australia’s largest lenders. A whole generation of parents has been reportedly dishing out a seemingly bottomless pool of funds to help frustrated first-home buyers get on the property ladder amidst skyrocketing real estate prices. However, that is…
Australia’s property market is off to a strong start for 2022, despite concerns about a cash rate increase and the continuing Covid-19 Omicron outbreak. Buyers wasted no time looking for their next property investment or home, with search volumes and views per listing hitting record highs throughout January, according to the latest PropTrack report. The…
